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Lawsuit Loans Heating Up. Worth Watching.

Last week I wrote about LawCash and Oasis Legal Finance being challenged in Colorado over their legal settlement funding approach. Yesterday the New York Times ran with a look at the legal settlement funding or lawsuit lending industry. It’s an interesting article worth reading. Ernesto Kho had pressing needs of his own. Medical bills had … Read more

Colorado Attorney General Beats Back Legal Settlement Firms

Colorado Attorney General John Suthers recently announced that his office has filed a counterclaim lawsuit against a series of Northbrook, Ill.-based companies and a Brooklyn, N.Y.-based business, accusing the companies of engaging in deceptive trade practices and unlicensed lending. “Settlement-advance companies are a growing issue in Colorado and across the country,” Suthers said. “Despite their … Read more

Colorado AG Sues Oasis Legal Finance and LawCash

Colorado Attorney General John Suthers announced today that his office has filed a counterclaim lawsuit against a series of Northbrook, Ill.-based companies and a Brooklyn, N.Y.-based business, accusing the companies of engaging in deceptive trade practices and unlicensed lending. “Settlement-advance companies are a growing issue in Colorado and across the country,” Suthers said. “Despite their … Read more